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Contact Us |
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Greenhaven Marketing
Po Box 98
Anoka, MN 55303
Phone:
763-421-1193
Toll Free: 800-227-4936 |
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The main product Greenhaven
specializes in is
Long Term Care Insurance,
both group and individual.
We have been a leader in the bank marketing of Long
Term Care Insurance, currently operating in over 180 banks. |
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Long- Term Care Insurance:
The Essentials®
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Long-term care services may be necessary at any age. An
older
adult
might gradually find that day-to-day living is becoming
increasingly difficult without help, or they may develop
Alzheimer’s Disease. Someone younger may have a heart
attack, a stroke, a disabling accident or develop a serious
chronic illness such as Parkinson’s Disease. Long-term care
services are generally custodial and personal in nature but,
in some cases, may be rehabilitative.
Because neither medical
insurance nor Medicare is primarily designed to pay for
long-term care services, long-term care insurance can help
provide a way for you to pay for this care. Long-term care
insurance can help you retain assets set aside for
retirement and can help you remain independent by providing
the money to allow you
to decide where and how your care will be provided.
This guide is a general
introduction to long-term care insurance. It defines
terminology generally used in the long-term care insurance
industry, presents some basic issues, and provides answers
to some frequently asked questions. We hope you will find it
helpful.
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Table of
Contents
General Information
What is long-term
care? .......................................................................................1
Where can I receive long-term care
services? ...................................................1
What are Activities of Daily Living (ADLs)? .....................................................2
The Cost of Long-Term
Care Services
What is the cost of
long-term care services?
.....................................................3
Paying for Long-Term Care Services
How are long-term care
services paid?
...............................................................4
Self-Insure .............................................................................................................4
Medicaid ................................................................................................................5
Medicare ................................................................................................................6
Long-Term Care Insurance ...................................................................................7
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Is Long-Term Care Insurance
Appropriate for You or a Family Member?
Who could benefit from purchasing long-term care
insurance? ......................9
What is the right age to purchase long-term care
insurance? .........................10
Is there anyone who should not purchase long-term
care insurance? ............10
What About The Cost Of A Long-Term
Care Insurance Policy?
What is the cost of a long-term care insurance
policy based on? ..................10
How To
Select A Policy
What decisions do I need to make?
...................................................................11
How can I protect myself against the rising cost of
care? ..............................14
How much coverage is right for me?
................................................................16
What About Different Types Of
Policies and Coverage?
What is the difference between “reimbursement,”
“indemnity,” and
“disability” type policies?
...…………...…......................................................17
What is a “Tax Qualified” policy?
......................................................................18
What are “Partnership Programs”?
....................................................................18
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How Long Will I Need
Coverage?
How long can I expect to need
coverage? ........................................................19
What About Benefits?
How do I become
eligible to receive
benefits? ..............................................20
Who determines when
I am eligible for
benefits? ..........................................20
What happens to my
benefits if I stop paying my premium? ..........................21
What is a “return of
premium on death”
benefit? ............................................22
What Else Should I
Know?
Can
I change my mind if I buy a
policy? ..........................................................22
Can my premiums be
raised? ............................................................................23
How can I evaluate a
long-term care insurance company? .............................23
How can I obtain
detailed information on long-term care insurance? ..........24
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An educational guide prepared by the MetLife Mature
Market InstituteSM
Metropolitan Life
Insurance Company, New York, NY 10166
ADF#1187.03 (Rev 0704)
L04016GHQ(exp0107)MLIC-D |
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[Adobe PDF] 